GoPro price target lowered to 30c from $1.20 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on GoPro (GPRO) to 30c from $1.20 and keeps an Underweight rating on the shares. Among the firm’s IT Hardware coverage, the analyst reduced FY25 and FY26 EPS estimates by 15%-18% and price targets by 30% on average to account for slowing growth and higher tariffs.